The short answer is yes, you certainly can refinance to get a lower mortgage rate. When you purchase a home you most likely took out a mortgage to buy the home. If you choose to get a new mortgage to replace the first one, that is called refinancing. If your credit is in good shape,…

Keeping an eye on your finances is always important, and one of the ways to do so is by making your debt-to-income ratio is in check. Your debt-to-income ratio is basically how much debt you have in comparison to your income. You want to keep your debt level as low as possible so that you…

What If I Don’t Have a Down Payment? If you are considering purchasing a home, one of the first things you will need to consider is a down payment. The larger the percentage of the value of the home you have available as a down payment, the smaller the monthly payments will be in the…

When you are purchasing a home, there are lots of choices you have to consider; when is the right time? Should I look on my own or with a realtor? Do I want a pool? How many bedrooms? But of all the many choices you have to make, the one that is the most important…

Buying a home will most likely be the largest investment you make during your lifetime. The process is exciting but at the same time, it can be intimidating, especially for first-time homebuyers. Family First Mortgage is here to guide you through the basic steps in the homebuying process so that you are prepared when the…

What is the First Step When Buying a Home? When people begin to entertain the idea of buying a home, they often want to start looking at homes right away. They may begin looking at real estate websites or even contact a Realtor. People often end up disappointed when taking this route. Lenders may not…

Your credit score is a huge determining factor that is considered during the mortgage application process. In this week’s blog, we’ll dive into credit scores and the factors that impact them, with a special focus on revolving debts. Revolving debt is a type of financing in which borrowers are given a credit limit and the…

Why Realtors are Important When you decide to start the journey to purchase a home, it’s important to choose the right professionals to help you. We recommend first choosing a mortgage professional first, then a real estate agent or Realtor. Realtors are important not only to find homes in your price range and desired location,…

If you’re interested in purchasing a home, the interest rate you get on your mortgage can make a huge difference in how much you’ll pay over the life of your loan. There are several key factors that affect your interest rate, like the location of your home, the health of the housing market and the…